Bank 'agrees to probe' in collapsed finance scheme
By TMG Editor - 11 July 2014
ONE of the banks that provided financing for the controversial "R699-a-month" car scheme has agreed to conduct a forensic investigation into allegations of fraud in credit applications for the deals, according to a consumer activist acting for the buyers.
Simon Lapping said yesterday he had met the head of Absa's vehicle finance unit, Wessel Steffen, and a team of forensic investigators. "They have agreed to conduct an investigation comparing the verbal contracts and the credit applications received by them."
He said Absa seemed amenable to working out a deal with clients. - Estelle Ellis
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